Unit 1: How Markets Work : A Level Economics

Topic 1 of the A Level Economics Syllabus. Completely according to the A Level Syllabus. Free! .Positive and normative thinking, Opportunity cost, The production frontier or production possibility curve, Specialisation and foreign trade. Demand and supply: An introduction, The elasticity of demand, The elasticity of supply, Demand and supply: Applications to any market are possible, The market mechanism working, Consumer and producer surplus